WAUKESHA - An
Oregon, Wis.-based developer is proposing a 56-unit mixed-income
apartment building for downtown Waukesha.
the Plan Commission will take on a rezoning request and
preliminary from Gorman & Company, which hopes to construct a
four-story, 56-unit residential building near Main Street and
Hartwell Avenue, adjacent to the Canadian National railroad.
president of Gorman & Company’s Wisconsin Market, said he hopes
to finance the project partly with the help of affordable
housing tax credits, and that 47 of the units will feature
below-market rents. Matkom also said that his company is working
with Lutheran Social Services to market 14 of the units toward
always been, for the last several years, looking in DT Waukesha
to do a project. We found this ... site by Hartwell and Main and
it’s downtown, right by the train tracks, which really sets up
interestingly well for an apartment building,” Matkom said.
“I think it’s
a neat site. People like the tracks and contrary to common
thinking where people think it’s too noisy, the schedule of that
track doesn’t inhibit the residential nature of that site.”
Matkom said to
qualify for renting the below-market units, people must earn
less than 60 percent of the county’s median income, which he
estimates to be in the low-$40,000 range. A one-bedroom
apartment will run approximately $650 per month, he said.
Community Development Specialist Jeff Fortin said the city’s
Central City Master Plan had a concept drawing for the site that
called for small cottage-sized lots to match what’s out there
right now, but the Central City Master Plan’s neighborhood
committee and the Redevelopment Authority are both recommending
that the Common Council approve changing the plan.
originally hoping for something similar to Phoenix Heights, but
that would require acquisition of land by the city and
significant city expenditure for that,” Fortin said. “It’s a
challenging site, but the city will make sure that they’re doing
a high-quality development that fits in with that neighborhood.”
the development, which will be called the Main Depot Apartments,
could be a signature project in Waukesha.
think it’s a great opportunity, in a part of downtown Waukesha
that is underdeveloped, to maximize the development of the tax
base there,” he said. 656-
city staff is happy to see the possibility of rehabilitating
“It’s an area
we want to see revitalized,” Fortin said. “We want to focus on
getting one of the main gateways into the city rehabilitated,
and this project is a step toward that.”
Commission will meet at 6:30 p.m. Wednesday in the Council
Chambers, City Hall, 201 Delafield St.